Country:Ecuador
Year:2013 (June 21st)
Policy status:In Force
Jurisdiction:National
Date Effective:2013 (June 21st)
Date Ended:2016 (Dec 31st)
Policy Type:Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums
Renewable Energy Policy Targets:Wind, Solar Thermal, Ocean, Wave, Ocean, Tidal, Bioenergy, Geothermal, Hydropower
Policy Sector:Electricity
Size of Plant Targeted:Small and Large
Agency:Consejo National de Electricidad
URL:http://www.conelec.gob.ec/normativa_detalle.php?cd_norm=624
URL:http://www.conelec.gob.ec/normativa/001_13%20Energias%20Renovables.pdf
URL:http://www.conelec.gob.ec/
Renewable Energy Description:

On 21 June 2013 new feed-in tariff scheme for renewable energy projects has entered into force replacing previous FIT mechanism that has expired in Ecuador on 31December 2012.

Eligible technologies: wind, solar thermal, marine tidal, biomass, biogas, geothermal and small hydro power plants.

Feed-in tariff contracts are awarded for period of 15 years.

FIT levels are differentiated between technologies and location of the projects – between mainland Ecuador and Galapagos Islands.

Grid access: electricity generated from renewable installations has priority dispatch.

Feed-in tariff rates in Ecuador are expressed in USD:

   

 

Mainland Ecuador

Galapagos Islands

Renewable Source

Period of time

Power plant capacity

Feed-in tariff rate in cUSD/kWk

Wind

15 years

 

All sizes

11.74

12.91

Solar thermal

25.77

28.34

Wave/tidal

32.43

35.67

Biomass and Biogas

11.08

12.19

Geothermal

13.81

15.19

Hydropower

up to 10 MW

7.81

10 MW – 30 MW

6.86

30 MW – 50 MW

6.51

After renewable electricity will reach level of deployment of 6% of total installed national electricity program will be closed. If this level will not be reached, programme will expire on 31 Dec 2016. 

In order to download full text of the policy please, click here to download

Last modified: Fri, 13 Sep 2013 09:30:55 CEST